K21

What is K21?

K21 is an innovative project aimed at revolutionizing the intersection of art and NFTs. Developed by Kanon, a pseudonymous collective of art and technology professionals, K21 builds protocols and products that align the incentives of artists and collectors in the digital art space.

• Focus on long-term artistic and technological sustainability
• Dedicated to enhancing the future of digital art for the next century

K21 Collection

The K21 vault features 21 unique and original NFT artworks by renowned contemporary and cryptonative artists. This curated collection includes the first NFTs minted by emerging and established artists, showcasing trailblazing digital art experiments.

• Assembled by anonymous curators with over 50 years of collective experience
• Artists include Pak, Paul Chan, Rachel Rose, and many more

K21 Token

K21's ERC-20 token allows partial ownership of the art vault. With a total of 21 million tokens, holders have the right to vote against a vault buyout. If a buyout occurs, token holders receive a pro-rata share of the proceeds.

• Community engagement through mining programs and liquidity pools
• Veto power for token holders via a 21% consensus requirement

Check out K21's docs for more details.

KSPEC Protocol

Kanon's open-source KSPEC protocol ensures the preservation of digital art by extending the ERC-721 NFT standard. KSPEC preserves complex artworks, their provenance, and artist identities, securing them on-chain for the long term.

• First-ever open-source on-chain protocol for NFT provenance
• Enhances transparency and durability of digital artworks

Social Impact and Profit Sharing

K21 integrates decentralized finance with art, promoting equitable profit sharing for artists and the causes they support. A portion of K21 tokens is distributed to artists and social causes.

• 1.3 million tokens allocated to artists
• 1 million tokens donated to social causes

Other Projects in the NFT Category

• Immutable: a layer-2 solution for scalable, gas-free NFT minting and trading.
• SuperVerse: a DAO revolutionizing NFTs and crypto gaming interactions.
• Galxe: a Web3 network using blockchain, AI, and digital identity for community building.

K21 Price Analysis

As of December 25 2024 K21 has a marketcap of $1.2M. This is {{percentagefromath}} from its all time high of $11.59. In terms of its tokenomics, there's a total supply of 21M with 86% currently outstanding. Keep in mind K21 has a fully diluted value of $1.4M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude